$CL_F $USO $OIL (D) Might see a pullback near R1 pivot

1 May 2016

or near 42.17, an important fib and support test.

Basically we could be in a local Crude bottom for the time being. Profit taking will happen soon. So if 42ish holds, then 50 is a reasonable future resistance target. Otherwise if 42ish fails, then 40 likely, and a nice bear hug for a support test near 35.

More importantly, trade with your rules.

5 May 2016

Not

LOL. Not bad.